Market Overview for Initia/Tether (INITUSDT) on 2025-12-25

Summary
• Price rose from 0.0835 to 0.0866, showing bullish momentum after 0.0845 resistance was cleared.
• Volume spiked to 661,330 at 08:00 ET as price surged to a 24-hour high of 0.0869.
• A large bullish engulfing pattern formed near 0.0855, followed by consolidation toward 0.0842.
• RSI hit overbought territory near 78 before retracing, suggesting potential near-term profit-taking.
• Bollinger Bands widened as volatility increased with a late-night breakout and subsequent pullback.

Initia/Tether (INITUSDT) opened at 0.0835 on 2025-12-24 12:00 ET, rose to a high of 0.0869, fell to a low of 0.0842, and closed at 0.0842 at 12:00 ET on 2025-12-25. Total volume was 3,793,409 with turnover of 314.18 USD equivalent over 24 hours.

Structure & Formations

Price tested key resistance at 0.0845 multiple times over the 24-hour window before breaking through decisively at 08:00 ET. A bullish engulfing pattern at 0.0855 signaled strong buying pressure. A doji at 08:45 ET and another at 10:45 ET showed indecision, with the latter coinciding with a pullback to 0.0842, forming a potential support zone.

Technical Indicators

The 20-period and 50-period moving averages were closely aligned through the 5-minute chart, trending upward. MACD crossed into positive territory during the 08:00 ET surge and remained elevated. RSI reached overbought levels near 78 before retreating, suggesting a possible short-term correction. On the daily chart, price remains above the 50-day MA but below the 200-day MA.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly during the late-night and early-morning hours, reflecting increased volatility. Price action spent much of the 24-hour period in the upper half of the bands, indicating a bullish bias. The recent pullback to the lower band at 0.0842 may offer a short-term support level.

Volume and Turnover

Volume surged during the 08:00–09:00 ET window, reaching a peak of 661,330 at 08:00 ET as price hit 0.0869. Turnover aligned with volume surges, indicating strong conviction in the upward move. However, a divergence appears between declining price and relatively high volume in the late morning hours, which may signal exhaustion.

Fibonacci Retracements

On the 5-minute chart, price found a temporary floor at the 61.8% retracement of the 0.0845–0.0869 move, near 0.0855. On the daily chart, the 38.2% and 61.8% retracements of the broader 0.0834–0.0869 swing align with key levels around 0.085 and 0.0845, suggesting potential support/resistance for the next 24 hours.

The market appears to be in a consolidation phase after the recent bullish breakout. If buyers can defend the 0.0842 support level, a test of the 0.0845–0.0855 range may follow. However, a breakdown below 0.0842 could trigger further downside to 0.0837. Investors should remain cautious and watch for divergences in volume and momentum as potential early signals of trend fatigue.